Industry and Investment
The Department of State Development, Business and Innovation is the Victorian Government's lead agency for the promotion and facilitation of the State's economic development.
The Department develops and implements a diverse range of programs, initiatives and projects designed to attract and facilitate investment, encourage exports, generate job opportunities, stimulate innovation, and promote Victoria nationally and internationally.
Victoria’s rich earth resources provide an excellent investment opportunity, strong prospectivity, low sovereign risk, world-class geoscience data and a transparent approvals process combine to make it perfect for business growth.
Despite the challenging global economic conditions, Victoria continues to attract investment, with various companies committing to major mineral and petroleum projects.